My newbie trading experience

[mksundip]

First gain in trading usually a trade based on luck and its really normal to lose since you're still a newbie and what's good here is that, you go to the process of learning which is very important for me because if you want to succeed in trading, you must learn how to do it first. Don't lose your hope and continue to improve yourself, you can be more successful in trading because of your hard work, keep going.

true, trading for the beginning is usually based on luck because as i know beginners have no concept and beginners can't do good analysis in trading yet.  I think this is one of the first steps of the trading journey and a great experience for beginners.  so, in the future it can be used as a basic starting point to be better at trading

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[Kimonoe]

Even now I'm still learning to trade, I still make a lot of mistakes, but the experience when trading for the first time is experiencing profits easily and quickly, and in the end I think trading is easy. After that, I actually experienced a bigger loss, and that's psychology that we have to fix

[jaberwock]

Even now I'm still learning to trade, I still make a lot of mistakes, but the experience when trading for the first time is experiencing profits easily and quickly, and in the end I think trading is easy. After that, I actually experienced a bigger loss, and that's psychology that we have to fix

Yeah, beginner's luck will not last for long and it usually end before we start realizing that we are still a beginner.
When you are making lots of mistakes in your trading then you should switch over to demo trading so that you will not lose anything just for the reason of learning.

Most beginner do make mistakes in controlling their emotions like when they are seeing small profits then they do develop greediness and then may wait for bigger profits which lead to lose their unrealized profit along with capital in the end. Honestly, emotion control will be possible to develop along with gaining experience because you cannot learn it from books or videos.

[Hypnosis00]

Even now I'm still learning to trade, I still make a lot of mistakes, but the experience when trading for the first time is experiencing profits easily and quickly, and in the end I think trading is easy. After that, I actually experienced a bigger loss, and that's psychology that we have to fix

Yeah, beginner's luck will not last for long and it usually end before we start realizing that we are still a beginner.
When you are making lots of mistakes in your trading then you should switch over to demo trading so that you will not lose anything just for the reason of learning.

This is also the moment to see what went wrong and what it needs to improve. Perhaps, a newbie will always be suffering losses before they got to know what they do it helps it out as if they will experience good at the first try, they then always think that trading is so easy. But these all had come to change when they got lost and even to lose everything. And this is the time to realize that trading can't be treated like that but it needs a serious market interaction and understanding otherwise, this just to keep happening. 

[Questat]

Even now I'm still learning to trade, I still make a lot of mistakes, but the experience when trading for the first time is experiencing profits easily and quickly, and in the end I think trading is easy. After that, I actually experienced a bigger loss, and that's psychology that we have to fix

Yeah, beginner's luck will not last for long and it usually end before we start realizing that we are still a beginner.
When you are making lots of mistakes in your trading then you should switch over to demo trading so that you will not lose anything just for the reason of learning.

This is also the moment to see what went wrong and what it needs to improve. Perhaps, a newbie will always be suffering losses before they got to know what they do it helps it out as if they will experience good at the first try, they then always think that trading is so easy. But these all had come to change when they got lost and even to lose everything. And this is the time to realize that trading can't be treated like that but it needs a serious market interaction and understanding otherwise, this just to keep happening. 

Everyone started as a newbie, as a newbie we tend to make more mistakes but as we go further, we will eventually improve because we are learning from our mistakes. If a trader will consider trading as a journey, then I would not be surprised that one day success will be achieved. With lots of free information online that we can use to educate ourselves, nothing is impossible and everyone has a chance to be successful.

[Sihab76]

I learned things which I will tell you. 1 is you should always buy in dip. and try to avoid those coins which got more green. And if you bought and you are at loss you should keep patience. and try to sell in the pump

It is not certain that the market will always be the same because the cryptocurrency market is always volatile. A few days ago, I traded futures on the Binance Exchange and ate the liquidation of 1000.

[nurilham]

Good experience, that way you can ensure the benefits and also risks that can be obtained from trading. The experience that gained by everyone will be very useful for future learning so that it can become better. Trading does need understanding and experience so that we can ensure the right momentum to sell or buy. It's okay if we fail in trading because with that we can be more careful going forward and not be careless. Most people lose in trading because they are in too much of a rush which makes them feel panicky and don't think carefully.

[martina14]

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

I admired your determination to learn the proper basic things in the crypto trading. And also I'm impressed that for the newbie who entered here in this industry got earned more than 100% of your capital in doing trade activity for only 1 month. Just continue what you are doing now and I know in the near future you will discover a lot of things to improve your skills in trading through your experience.

[ranaprime]

First of all, I think applying the same strategy to cryptocurrency, it can be good once or twice, will not always bring good results. New strategies should be applied constantly and for this proper market analysis should be done. Always try to gain good knowledge about the market.

[panukurap]

Looks like you are still not prepared to trade. From your experience it seems that you lack information about good crypto. Especially in determining the time when to buy or sell coins, this will determine your trading later. In addition, coin selection is also very influential. You also have to determine what kind of trade will be made, short term or long term, all must be fully considered.

[Qikiye]

I had no experience with cryptocurrency when I was new to cryptocurrency trading. Then I slowly learned a lot from trading. In the beginning, if I went to trade, I would almost always face a loss Now that I have gained some knowledge about trading, I do not face any loss.

[xmonkeyx]

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

quite impressive with the profit you get at the beginning you start trading. that's very good. about the loss is a natural thing in trading especially the crypto market has fast price movements. It's great when you can restore it back.
it is part of the experience that is very important for future knowledge.
I think knowledge in trading can be taken anywhere including personal experience and the most important thing for a trader in trading is controlling emotions not to be greedy because in my opinion greed is the thing that will destroy us in a trade.

[blockman]

I had no experience with cryptocurrency when I was new to cryptocurrency trading.

All of us started as a newbie and there's no particular experience when we've started.

Then I slowly learned a lot from trading. In the beginning, if I went to trade, I would almost always face a loss Now that I have gained some knowledge about trading, I do not face any loss.

Are you sure that you're not facing any loss anymore? That sounds good and means that you're really good at trading right now. Because of what I know, even the best traders are still getting loss with their trades. But if you say so that you're not getting any loss anymore as you trade then that means that you're good.

[redsun114]

Then I slowly learned a lot from trading. In the beginning, if I went to trade, I would almost always face a loss Now that I have gained some knowledge about trading, I do not face any loss.

Are you sure that you're not facing any loss anymore? That sounds good and means that you're really good at trading right now. Because of what I know, even the best traders are still getting loss with their trades. But if you say so that you're not getting any loss anymore as you trade then that means that you're good.

I am sure that no trader could avoid losses completely; even we are too strong at technical analysis, we may face losses which may be an unrealized one but considering the market fluctuation, I bet no one could escape from losses at crypto trading.

The possible way to avoid losses must be, converting your trading positions into long term holding and then waiting for weeks to years for recovery. But, this way, you are not into trading anymore as you turn an investor. This is the reason, long term holders are not losing anything.

[horrifiedx1]

Looks like you are still not prepared to trade. From your experience it seems that you lack information about good crypto. Especially in determining the time when to buy or sell coins, this will determine your trading later. In addition, coin selection is also very influential. You also have to determine what kind of trade will be made, short term or long term, all must be fully considered.

trading objectives must be clear at the beginning before making a transaction, so that we can calmly face the possibility of profit or loss. because actually profit or loss in trading is a normal thing, so no trader has high flying hours, does not experience defeat, but we have to look at the market ahead and look for opportunities again

[mm2543363580]

I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

There is no absolute guide for trading, everyone has to create his own. I am not fond of trading infact I have huge losses while trading thats why I stay away from it and advice others to do trading only if you can handle it. Crypto trading is not an easy thing, even experienced guys find it difficult to handle. Do stuff like paper trading before jumping into real trading.

[Fredomago]

Then I slowly learned a lot from trading. In the beginning, if I went to trade, I would almost always face a loss Now that I have gained some knowledge about trading, I do not face any loss.

Are you sure that you're not facing any loss anymore? That sounds good and means that you're really good at trading right now. Because of what I know, even the best traders are still getting loss with their trades. But if you say so that you're not getting any loss anymore as you trade then that means that you're good.

I am sure that no trader could avoid losses completely; even we are too strong at technical analysis, we may face losses which may be an unrealized one but considering the market fluctuation, I bet no one could escape from losses at crypto trading.

The possible way to avoid losses must be, converting your trading positions into long term holding and then waiting for weeks to years for recovery. But, this way, you are not into trading anymore as you turn an investor. This is the reason, long term holders are not losing anything.

I also have that same sentiment, even the best trader can't escape with the sway coming from this investment, maybe he can recover right away but still the chance of facing failed trade is unavoidable, though you have a good point, if you don't want to suffer from any losses choosing top coin and is better for long-term investment.

The chance that the value will rise high is anticipated by many, not an investment adviser, but it's more practical and wise.

[sulendra12]

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

That's a good thing when you are starting to trade by yourself and it does make your journey become worth because you can learn about your fault and make sure to not fall for it again. That's what I like when learning things by yourself first. I do hope that more people at least try to trade even with small capital first that you can afford so you learn how it works.

[sana54210]

I am sure that no trader could avoid losses completely; even we are too strong at technical analysis, we may face losses which may be an unrealized one but considering the market fluctuation, I bet no one could escape from losses at crypto trading.

The possible way to avoid losses must be, converting your trading positions into long term holding and then waiting for weeks to years for recovery. But, this way, you are not into trading anymore as you turn an investor. This is the reason, long term holders are not losing anything.

It is obvious that every single trader will eventually have some losses. There is no possible way that anyone could ever end up with zero losses and we will all have some. The main power of a trader comes from the fact that even though he may lose some money, he will end up making more in profit and balance that out and come out on top.

Being a long term investor is not something wrong neither, if you do not want to take the risks of short term trading then you could easily end up doing something for the long term investment and it is a lot less risky and you will end up with a lot more profit that way. Sure short term traders could end up with profit as well but that is only if they are really good.

[Tellek Garing]

Every newbie has an experience and yours may be different from mine but the truth is it's great news that you made a good profit at the start and I will advise you to continue using the same trading formula but develop your own strategy.